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TCM

Thomist Capital Management Portfolio holdings

AUM $371M
1-Year Est. Return 77.62%
This Fund
S&P 500
This Quarter Est. Return
+8.49%
1 Year Est. Return
+77.62%
3 Year Est. Return
+71.6%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$169M
AUM Growth
-$33.7M
Cap. Flow
-$43.3M
Cap. Flow %
-25.56%
Top 10 Hldgs %
90.05%
Holding
40
New
11
Increased
5
Reduced
4
Closed
20

Top Buys

Rank Stock Value
1
SGML icon
Sigma Lithium
SGML
+$18.9M
2
CHRD icon
Chord Energy
CHRD
+$17.3M
3
BTU icon
Peabody Energy
BTU
+$14.6M
4
PDCE
PDC Energy, Inc.
PDCE
+$10.8M
5
ASTL icon
Algoma Steel
ASTL
+$9.35M

Top Sells

Rank Stock Value
1
MPC icon
Marathon Petroleum
MPC
+$23.6M
2
FCX icon
Freeport-McMoran
FCX
+$18.7M
3
MGY icon
Magnolia Oil & Gas
MGY
+$18.6M
4
TECK icon
Teck Resources
TECK
+$13M
5
CE icon
Celanese
CE
+$10.2M

Sector Composition

Rank Sector Weight
1 Energy 57.91%
2 Materials 36.54%
3 Industrials 0.66%
4 Consumer Staples 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DINO icon
26
HF Sinclair
DINO
$14.5B
– –
-142,306
Closed -$7.38M
DOW icon
27
Dow Inc
DOW
$21.2B
– –
-90,000
Closed -$4.54M
EMN icon
28
Eastman Chemical
EMN
$8.42B
– –
-65,000
Closed -$5.29M
HBM icon
29
Hudbay
HBM
$12.3B
– –
-563,800
Closed -$2.85M
MGY icon
30
Magnolia Oil & Gas
MGY
$5.94B
– –
-792,120
Closed -$18.6M
MPC icon
31
Marathon Petroleum
MPC
$83.7B
– –
-202,555
Closed -$23.6M
OLN icon
32
Olin
OLN
$2.12B
– –
-95,000
Closed -$5.03M
PBF icon
33
PBF Energy
PBF
$7.31B
– –
-30,000
Closed -$1.22M
PLUG icon
34
Plug Power
PLUG
$3.04B
– –
-20,000
Closed -$247K
STNG icon
35
Scorpio Tankers
STNG
$3.81B
– –
-58,294
Closed -$3.13M
TECK icon
36
Teck Resources
TECK
$32.6B
– –
-345,000
Closed -$13M
VALE icon
37
Vale
VALE
$62.6B
– –
-335,000
Closed -$5.68M
XLE icon
38
State Street Energy Select Sector SPDR ETF
XLE
$37.7B
– –
-90,000
Closed -$3.94M
CPE
39
DELISTED
Callon Petroleum Company
CPE
– –
-121,667
Closed -$4.51M
RONI.U
40
DELISTED
Rice Acquisition Corp. II Units, each consisting of one Class A ordinary share and one-fourth of one redeemable warrant
RONI.U
– –
-105,270
Closed -$1.11M
1
2

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Thomist Capital Management's Q1 2023 Portfolio in Review

As of Q1 2023, Thomist Capital Management held 40 positions worth $169M, down 17% from $203M the previous quarter. Its ten largest holdings account for 90% of the portfolio.

Thomist Capital Management withdrew a net $43.3M in Q1 2023, closing 20 positions and reducing 4 holdings. Its most notable exit was Marathon Petroleum, an estimated $23.6M position sold in full.

By sector, the portfolio is most concentrated in Energy at 58% of assets, up from 53% a quarter earlier, followed by Materials and Industrials.

Against the trend, Thomist Capital Management opened a new position in Peabody Energy worth $13.8M.

  • Thomist Capital Management's largest Q1 2023 buy was Peabody Energy: 548,909 shares worth $13.8M.
  • Thomist Capital Management added most to Sigma Lithium in Q1 2023, an estimated $18.9M increase.
  • Thomist Capital Management's biggest Q1 2023 reduction was Freeport-McMoran, cutting an estimated $18.7M.
  • Thomist Capital Management fully exited Marathon Petroleum in Q1 2023, selling an estimated $23.6M.
  • Thomist Capital Management's ten largest holdings make up 90% of its $169M portfolio in Q1 2023.
  • Thomist Capital Management opened 11 new positions and closed 20 in Q1 2023.
  • Thomist Capital Management's portfolio value fell 17% quarter-over-quarter to $169M.

Based on Thomist Capital Management's 13F filing for Q1 2023, filed 15 May 2023.